Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion
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The US M2 monetary offer reached $23.34 billion in August, but the record does not guarantee Bitcoin purchases. With interest rates also rising, the key to the market will be to check if that liquidity actually ends in risky assets.
Global Money Supply Hits Record $103.66 Trillion
The post Global Money Supply Hits Record $103.66 Trillion appeared first on Coinpedia Fintech News Global money supply has hit an all-time high of $103.66 trillion, with the Fed, ECB, Bank of Japan and PBOC alone adding $1 trillion in August, marking the 10th consecutive monthly increase. More money in circulation typically flows into assets like stocks, gold and Bitcoin. Separately, Iran’s oil exports have collapsed from roughly 2 million …
Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion
Key Takeaways US M2 money supply rose $124.9 billion in August to a record $23.34 trillion, up about 5.7% year over year. A growing money supply could support demand for Bitcoin if investors move more capital into risk assets, but M2 growth alone does not guarantee a rally. The Federal…
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